Ukraine will send a government delegation to Washington next week to negotiate a draft agreement that would give the United States access to its mineral and energy resources.

Economy Minister Yuliia Svyrydenko confirmed the trip and said the U.S. proposal includes plans for a joint investment fund. “The new draft agreement from the U.S. shows that the intention to create a fund or jointly invest remains,” she told the Associated Press on Saturday.

Svyrydenko said the Ukrainian delegation will include officials from the Ministries of Economy, Foreign Affairs, Justice, and Finance. 

A previous rare-earth minerals deal between the U.S. and Ukraine was nearly signed in February but fell apart after a tense meeting at the White House between Presidents Volodymyr Zelenskyy and Donald Trump, and Vice President JD Vance.

The latest U.S. proposal now extends beyond rare-earth minerals to encompass oil and gas projects. It also outlines a plan for a joint board to oversee revenue management from these sectors. However, reports indicate that the proposal does not include security guarantees for Ukraine — something Kyiv says is needed.

Ukrainian media also noted that the agreement might conflict with Ukraine’s goal of joining the EU, citing strict limitations on the country’s economic sovereignty. President Volodymyr Zelensky earlier said that he would not sign any deal that jeopardizes Ukraine’s EU membership.

Meanwhile, Svyrydenko said Ukraine’s goal is to make sure the final version supports the interests of Ukraine. “We’re very focused on ensuring that the final draft of the agreement, after negotiations, fully aligns with our strategic interests,” she said.